HomeMy WebLinkAbout1995-11-14 - AGENDA REPORTS - SC RIVER PARK ACQUISITION (2)AGENDA REPORT
City anager Approval
Item to be presented by:
Rick Putnam
CONSENT CALENDAR
DATE: November 14, 1995
SUBJECT; SANTA CLARA RIVER PARK ACQUISITION
DEPARTMENT: Parks, Recreation, and Community Services
BACKGROUND
On May 9, 1995 the City Council authorized the City Manager to open an escrow account and
make a refundable deposit on Assessor Parcel Number 2840-002-003 owned by the Newhall
Land and Farming Company.. The City Council also authorized the Director of Parks,
Recreation, and Community Services to do the due diligence reports and negotiate a fair
market price for the purchase of the property,
On July 18, 1995 the Planning Commission made a favorable finding of consistency with the
General Plan on this parcel. An independent licensed appraiser was used to evaluate the
parcel and valued the parcel at $65,000. The value was deemed fair to both the seller and
buyer. A purchase agreement was prepared by the Newhall Land and Farming Company and
reviewed and approved as to form by the City Attorney.
Funding for this acquisition is available through Proposition A, Safe Neighborhood Parks Act,
for the Santa Clara River Park Specific Grant, and is currently budgeted in account
24-99037-227.
City Council authorize the City Manager to execute all documents associated with the
purchase of property from the Newhall Land and Farming Company in the amount of $65,000
for future Santa Clara River Park land.
ATTACHMENT
Location Map
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